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Originally Posted by dig420
I actually agree with Ronny.... 
I heard of a billionaire who gave a speech to the graduating class of a high school and on the spur of the moment decided to endow a scholarship paying the college tuition of every student that graduated from that high school in perpetuity. The grad rate for the high school skyrocketed and has stayed in the stratosphere. If I had a few billion lying around I think that's how I would spend it, funding college educations for poor US students.
Money tends to get lost in the third world, and we're already throwing our mental patients out in the street. We need to clean up our own back yard. |
Never agree with 12clicks he is ALWAYS wrong. The Bill and Melinda Gates Foundation ALREADY have donated 2.6 BILLION to schools in the United States. They by no means are limiting their philanthropy to the third world.
And yes you're normally right about throwing money to the third world, but the whole point of the Foundation is to bring accountability and western style accounting and self-sufficiency to the aid effort.
Listen Gates is way too smart to fall for the run of the mill third world effort. They're demanding accountability and a measurable return on investment. This is why Buffett is donating this amount of money, he KNOWS it will be used responsibly to do the most potential good.